This article sketches the origins of paper money in Norway back to the last half of the 18th century and asks why there … put forward is that the choice of fiat paper money reflected the relative economic backwardness of the country. Although … Gresham's law also applied for Norway, the most important reason paper money caught on and maintained that position as the …

. As such, it can be described as the first true central bank. The debut of central bank money did not result from any …

We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the …

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … for government money, where the terms of bank deposit contracts are constrained by the liquidity insurance available in …

consequence, a positive liquidity differential between money and real assets emerges, resulting in an increased demand for fiat … money, as observed since the eruption of the global financial crisis. A policy intervention replacing information sensitive … assets with government bonds or fiat money, as done in the asset-purchase program implemented by the Federal Reserve Bank …